HEFCE closed at the end of March 2018. The information on this website is historical and is no longer maintained.
The HEFCE domain - www.hefce.ac.uk - will continue to function until September 2018. At this point we will close the site entirely and all its information will only be available from the National Web Archive.
HEIF provides funding for higher education institutions in England to help them develop a range of knowledge-based interactions with the wider world and to increase their economic and societal impact, returning £9.70 for every pound invested (Note 1).
David Sweeney, Director of Research and Knowledge Exchange at HEFCE, said:
‘Universities deliver value to the economy and society for both local and national benefit, not least through close university-business links. In 2013 Sir Andrew Witty encouraged an “explicit long-term commitment to HEIF”. This was followed by the Dowling review which recognised the crucial role of HEIF in supporting university-business collaboration.
‘We therefore welcome this additional funding, which recognises the important role that our universities will play in delivering the Government’s Industrial Strategy, and will enable the sector to rise to the challenge of accelerating the commercialisation of knowledge from our world-class research base.’ (Note 2)
University knowledge exchange income continued to increase in 2015-16, reaching £3.5 billion, including significant increases in income from licencing intellectual property, which increased by 30 per cent to £140 million (Note 3).
Further information on this additional funding will be announced via circular letter to institutions, following discussion by the HEFCE Board.